Recordkeeping and Disclosure Requirements Associated with Loans Secured by Real Estate Located in Flood Hazard Areas Pursuant to Section 208.25 of Regulation H

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
RegH2_SFHD_20081031_f_i.pdf	Supplementary Document	Uploaded 2008-05-08	Repair queued
RegH2_20080508_83-c.pdf	Justification for No Material/Nonsubstantive Change	Uploaded 2008-05-08	Available

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
36316	Records of compliance (Section 208.25(f)(2))		Modified
184841	Notices to FEMA of change in servicer (Section 208.25(j)(2))		New
184840	Notices to FEMA of servicer (Section 208.25(j)(1))		New
184839	Notice of special flood hazards and availability of federal disaster relief assistance (Section 208.25(i))		New

ICR Details

OMB Control No: 7100-0280	ICR Reference No: 200805-7100-002
Status: Historical Active	Previous ICR Reference No: 200512-7100-005
Agency/Subagency: FRS	Agency Tracking No: Reg H-2
Title: Recordkeeping and Disclosure Requirements Associated with Loans Secured by Real Estate Located in Flood Hazard Areas Pursuant to Section 208.25 of Regulation H
Type of Information Collection: No material or nonsubstantive change to a currently approved collection	Common Form ICR:  No
Type of Review Request: Delegated
OIRA Conclusion Action: Approved without change	Conclusion Date: 05/15/2008
	Date Received in OIRA: 05/15/2008
Terms of Clearance:

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	12/31/2008	12/31/2008	12/31/2008
Responses	1,512,020	0	2,787,330
Time Burden (Hours)	73,925	0	122,413
Cost Burden (Dollars)	0	0	0

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Abstract: The disclosure and recordkeeping requirements under this section of Regulation H are imposed on state member banks to implement requirements of the National Flood Insurance Act of 1968 (as amended) and the Flood Disaster Protection Act of 1973 (as amended). The regulation forbids banks to make or renew loans secured by real estate located in a flood hazard unless it is insured against flooding.

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Authorizing Statute(s): US Code: 42 USC 4104a Name of Law: National Flood Insurance Reform Act
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments

Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 4

table that charts list of burden

IC Title	Form No.	Form Name
Notices to FEMA of servicer (Section 208.25(j)(1))
Notice of special flood hazards and availability of federal disaster relief assistance (Section 208.25(i))
Records of compliance (Section 208.25(f)(2))
Notices to FEMA of change in servicer (Section 208.25(j)(2))

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ICR Summary of Burden

table that charts list of burden

	Total Approved	Previously Approved	Change Due to New Statute	Change Due to Agency Discretion	Change Due to Adjustment in Estimate	Change Due to Potential Violation of the PRA
Annual Number of Responses	1,512,020	2,787,330	0	0	-1,275,310	0
Annual Time Burden (Hours)	73,925	122,413	0	0	-48,488	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: The change in total annual burden hours is attributed to a decrease in the number of respondents and a decrease of the recordkeeping requirement's annual frequency from 2,763 to 1,430. In addition, this submission will serve as this information collection's initial update to ROCIS database: separate one IC into four ICs.

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Annual Cost to Federal Government: $0

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? Uncollected

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? Uncollected

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? Uncollected

Is this ICR related to the Pandemic Response? Uncollected

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Common Form ICR:  No

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On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).

The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(i) Why the information is being collected;

(ii) Use of information;

(iii) Burden estimate;

(iv) Nature of response (voluntary, required for a benefit, or mandatory);

(v) Nature and extent of confidentiality; and

(vi) Need to display currently valid OMB control number;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.

Certification Date: 05/15/2008

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